PostRock Sets 2013 Capital Budget

PostRock Sets 2013 Capital Budget

OKLAHOMA CITY, Jan. 4, 2013 (GLOBE NEWSWIRE) -- PostRock Energy Corporation
("PostRock") (Nasdaq:PSTR) today announced a $29.7 million capital budget for
2013. The budget includes $25.6 million for drilling and recompletions,
$600,000 for acreage and $3.6 million for maintenance. Given the Company's
improved financial position, the budget represents a more than 40% increase
over 2012 spending. PostRock expects its 2013 development work to more than
double oil production. With minimal capital allocated to gas development, gas
production is expected to decline 13%.On a 22:1 price equivalency basis,
production is expected to increase approximately 5%.On a traditional 6:1
conversion, production is expected to decline 7%.

At year-end, PostRock held approximately 420,000 net acres in the Cherokee
Basin and approximately 1,500 net acres in central Oklahoma, with each
providing opportunities for multi-year growth in production and reserves.
Approximately 70% of the 2013 budget targets oil projects in the Cherokee
while 25% is expected to target oil projects in central Oklahoma.The
remaining capital will fund a limited number of oil recompletions in
Appalachia as well as maintenance expenditures.Lease operating expenses as
well as general and administrative expenses are expected to continue to
decrease.The Company expects to fund the 2013 capital budget with internal
cash flow and availability under its new revolving credit facility.At
year-end, the Company had $57.5 million of debt outstanding, leaving $32.5
million available under the facility.

Commenting, Terry W. Carter, the Company's President and CEO, said, "Our 2013
capital program should significantly increase our oil production.On a price
equivalency basis we began 2012 with only 7% of our production represented by
oil.By December 31^st, that had risen to 14%.We expect oil to comprise 27%
of production in 2013 and it should reach 32% by the end of the year.While
growing reserves and production, we will continue to focus on reducing
expenses.Once natural gas prices recover, and we are confident they
eventually will, we have a significant opportunity to exploit the Company's
sizeable inventory of gas oriented development projects. As we look ahead, we
are confident that PostRock is well positioned to generate very attractive
shareholder returns."

PostRock Energy Corporation is engaged in the acquisition, development and
production of oil and natural gas, primarily in the Cherokee Basin of Kansas
and Oklahoma. The Company owns and operates over 3,000 wells and nearly 2,200
miles of gas gathering lines in the Basin. It also owns and operates oil
producing properties in central Oklahoma and oil and gas producing properties
in Appalachian.

Opinions, forecasts, projections and statements that are not historical facts
are forward-looking statements that involve risks and uncertainties. Such
statements in this announcement are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. While the
Company believes expectations reflected in these statements are reasonable,
there is no assurance they will prove correct. Actual results may differ
materially due to unforeseen factors. These risks and others are detailed in
the Company's filings with the Securities and Exchange Commission which may be
found at or In making forward-looking statements,
the Company undertakes no obligation to update them.

The PostRock Energy Corp. logo is available at

CONTACT: North Whipple
         Director, Finance & Investor Relations
         PostRock Energy Corporation
         (405) 702-7423

PostRock Energy Corporation Logo
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